Karen Hudes studied law at Yale Law School and economics at the University of Amsterdam. She worked in the US Export Import Bank of the US from 1980-1985 and in the Legal Department of the World Bank from 1986-2007. For 21 years, Hudes was on the senior council of the World Bank (IMF). She established the Non Governmental Organization Committee of the International Law Section of the American Bar Association and the Committee on Multilateralism and the Accountability of International Organizations of the American Branch of the International Law Association. Karen has become known as a whistleblower and she has been outspoken about her time at the World Bank and the corruption that she saw there. She speaks on issues related to economics, global policies and government organizations. In this program, we attempt to get to the root of what she has been blowing the whistle on. Karen shares how she sees the global network of corrupt elite being dismantled. She also speaks about how things are going to change in the next few years. Hudes reveals deep-rooted, systemic corruption at the core of the Bretton Woods institutions, as well as deep-rooted, systemic problems with the U.S.’s legal system, law-enforcement agencies, and government crime.

Karen Hudes has been making the rounds with interviews lately and telling the world what’s going on behind the scenes. Her interview with Kerry Cassidy of Project Camelot follows the article.

This post also contains a reference about all debt being forgiven. It’s coming, folks. The new financial system is taking shape in silence and at the perfect time, will almost seamlessly morph into our new, fair, monetary system as a “Financial Reset”. The banksters—everywhere— are going down.

Be aware, be prepared, and don’t panic. It’s been planned for decades. Life is just about to get very, very good. This is a game-changer.

As far as we know, the financial reset will take place at the time of The Event, and we don’t yet know when that will be. We won’t have much notice, if any, so keep some small bills stashed away for when the ATMs don’t work and the banks close for a couple of days.

August 1, 2013

World Bank Whistleblower and lawyer, Karen Hudes, affirmed that ALL paper currency is on the brink of complete collapse, as world leaders are scrambling to make the transition into a new currency as smoothly and quickly as possible.

Hudes made these statements during an interview with Project Camelot’s Kerry Cassidy.

After working for 20 years in the legal department for the World Bank, Hudes decided to blow the whistle after discovering numerous cover-ups along with a nefarious plot culminating in World War III.

One of her discoveries involves the manipulation of the stock market. “The entire stock market is totally gamed because what they have done is they have taken the same directors (of the groups that have dominated the stock market) and they have put them on the board. So that’s how you had this collusion on the LIBOR interest rate.”

Since blowing the whistle on the World Bank. Hudes affirmed that those in control of the World Bank, board members of the stock exchange and the Federal Reserve have been in panic mode in recent days.

“This system only thrives in secret and the cat is out of the bag. At the moment, they are scurrying around like cockroaches.”

Hudes information comes right after an astonishing revelation by Fortune 500 businessman, Bix Weir, who stated all debts will be forgiven as world leaders are scrambling to put together an asset-based currency.

see All Debt To Be Erased Within The Next Few Months

Those who control the money are trying to start World War III, according to Hudes, because the banksters always win during times of war. She added their main plot is to keep us in subservience.

Despite these plans, Hudes stated that she has spoken to major shareholders who do not want to have World War III and are in favor of rule of law.

Those who have been responsible for crimes against humanity will inevitably be held accountable for their actions.

“We are talking about the World Bank whistleblowers walking right back into the World Bank and we are talking about all of the information that we have been used to hold the people who have been holding the world hostage… holding THEM accountable.”

Cassidy asked, “How close do you think you are at this point?”

Hudes: “We are so close, Kerry. We are just days away if less, because we also have a deadline. There’s something called permanent gold degradation. That is that all of this paper currency that these bankers have been churning out and the people have to pay interest on rather than their treasury issuing the currency… people are losing confidence in this currency (ALL currency).”

In regard to precious metals such as gold and silver, Hudes stated that soon, you won’t be able to buy them because the paper currency will be worthless. “People are starting to horde gold because they are afraid that the paper money, the fiat money is worthless. At a certain point, you will not be able to buy any gold at any price using fiat currency.”

In order to overcome the current financial system, Hudes recommends that we need a currency that is back by precious metals or some other valuable commodity along with a systematic way of retiring the current fiat paper.

One concern is doing this in a way that does not cause panic.

The major player in all of this is the Vatican and more specifically, the Jesuits.

“The Vatican is the crown and the IRS money is flowing to them. It’s an unholy alliance. At this point, we’ve kicked them out… they’re scrambling. They have lost. They are not in control.” To be more specific,. the Vatican doesn’t own the Bank of America, the Jesuits do, according to Hudes.

To Hudes understanding, the corporation of each state and Washington DC have been dissolved, as virtually all IRS revenue had been going to the Vatican with a small amount going to the Bank Of England, while none of it went towards the running of the United States.

Hudes expects that there will be more and more state banks with asset-based currencies which will swiftly put an end to the current fiat currency in the United States while the US Treasury will once again start issuing US Dollars instead of the Federal Reserve, adding, “The Fed’s days are really numbered. All of this is going to going forward very, very quickly. We’re also going to have to think about how are we going to be retiring these banks. We have to find ways to smooth the transition.”

As stated previously on In5D, whether or not the banking collapse happens in the near future remains to be seen. What we already know is that our current system is unsustainable and its collapse is inevitable. It’s only a matter of time.

Ex-Senior Counsel for the World Bank legal department reports corruption to US Congress, the World Bank’s other member countries, and the public.

Karen Hudes studied law at Yale Law School and economics at the University of Amsterdam. She worked in the US Export Import Bank of the US from 1980-1985 and in the Legal Department of the World Bank from 1986-2007. She established the Non Governmental Organization Committee of the International Law Section of the American Bar Association and the Committee on Multilateralism and the Accountability of International Organizations of the American Branch of the International Law Association. What did Karen Hudes blow the whistle on? In 2007 Karen warned the US Treasury Department and US Congress that the US would lose its right to appoint the President of the World Bank if the current American President of the World Bank did not play by the rules.

A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained. In an interview with The New American, Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired for her efforts. Now, along with a network of fellow whistleblowers, Hudes is determined to expose and end the corruption. And she is confident of success.

Citing an explosive 2011 Swiss study published in the PLOS ONE journal on the “network of global corporate control,” Hudes pointed out that a small group of entities — mostly financial institutions and especially central banks — exert a massive amount of influence over the international economy from behind the scenes. “What is really going on is that the world’s resources are being dominated by this group,” she explained, adding that the “corrupt power grabbers” have managed to dominate the media as well. “They’re being allowed to do it.”

According to the peer-reviewed paper, which presented the first global investigation of ownership architecture in the international economy, transnational corporations form a “giant bow-tie structure.” A large portion of control, meanwhile, “flows to a small tightly-knit core of financial institutions.” The researchers described the core as an “economic ‘super-entity’” that raises important issues for policymakers and researchers. Of course, the implications are enormous for citizens as well.

Hudes, an attorney who spent some two decades working in the World Bank’s legal department, has observed the machinations of the network up close. “I realized we were now dealing with something known as state capture, which is where the institutions of government are co-opted by the group that’s corrupt,” she told The New American in a phone interview. “The pillars of the U.S. government — some of them — are dysfunctional because of state capture; this is a big story, this is a big cover up.”

At the heart of the network, Hudes said, are 147 financial institutions and central banks — especially the Federal Reserve, which was created by Congress but is owned by essentially a cartel of private banks. “This is a story about how the international financial system was secretly gamed, mostly by central banks — they’re the ones we are talking about,” she explained. “The central bankers have been gaming the system. I would say that this is a power grab.”

The Fed in particular is at the very center of the network and the coverup, Hudes continued, citing a policy and oversight body that includes top government and Fed officials. Central bankers have also been manipulating gold prices, she added, echoing widespread concerns that The New American has documented extensively. Indeed, even the inaccurate World Bank financial statements that Hudes has been trying to expose are linked to the U.S. central bank, she said.

“The group that we’re talking about from the Zurich study — that’s the Federal Reserve; it has some other pieces to it, but that’s the Federal Reserve,” Hudes explained. “So the Federal Reserve secretly dominated the world economy using secret, interlocking corporate directorates, and terrorizing anybody who managed to figure out that they were having any kind of role, and putting people in very important positions so that they could get a free pass.”

“This is like crooks trying to figure out where they can go hide. It’s a mafia,” she said. “These culprits that have grabbed all this economic power have succeeded in infiltrating both sides of the issue, so you will find people who are supposedly trying to fight corruption who are just there to spread disinformation and as a placeholder to trip up anybody who manages to get their act together.… Those thugs think that if they can keep the world ignorant, they can bleed it longer.”

Of course, the major corruption at the highest levels of government and business is not a new phenomenon. Georgetown University historian and Professor Carroll Quigley, who served as President Bill Clinton’s mentor, for example, wrote about the scheme in his 1966 book Tragedy And Hope: A History Of The World In Our Time. The heavyweight academic, who was allowed to review documents belonging to the top echelons of the global establishment, even explained how the corrupt system would work — remarkably similar to what Hudes describes.

“The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole,” wrote Prof. Quigley, who agreed with the goals but not the secrecy. “This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”

But it is not going to happen, Hudes said — at least not if she has something do to with it. While the media are dominated by the “power grabber” network, Hudes has been working with foreign governments, reporters, U.S. officials, state governments, and a broad coalition of fellow whistleblowers to blow the entire scam wide open. There has been quite a bit of interest, too, particularly among foreign governments and state officials in the United States.

Citing the wisdom of America’s Founding Fathers in creating a federal system of government with multiple layers of checks and balances, Hudes said she was confident that the network would eventually be exposed and subjected to the rule of law, stopping the secret corruption. If and when that happens — even if it may be disorderly — Hudes says precious metals will once again play a role in imposing discipline on the monetary system. The rule of law would also be restored, she said, and the public will demand a proper press to stay informed.

“We’re going to have a cleaned-up financial system, that’s where it is going, but in the meantime, people who didn’t know how the system was gamed are going to find out,” she said. “We’re going to have a different kind of international financial system…. It’ll be a new kind of world where people know what’s going on — no more backroom deals; that’s not going to keep happening. We’re going to have a different kind of media if people don’t want to be dominated and controlled, which I don’t think they do.”

While Hudes sounded upbeat, she recognizes that the world is facing serious danger right now — there are even plans in place to impose martial law in the United States, she said. The next steps will be critical for humanity. As such, Hudes argues, it is crucial that the people of the world find out about the lawlessness, corruption, and thievery that are going on at the highest levels — and put a stop to it once and for all. The consequences of inaction would be disastrous.

“The proverb, ‘What you don’t know can’t hurt you”, originated in 1576 as, ‘So long as I know it not, it hurteth mee not.’ But the opposite is true. Unpleasant hidden truths do the most harm. The best way to fight corruption is to expose it. Think of the World Bank as ENRON.” …Karen Hudes

Monday, May 13, 2013

BREAKING: Immediately after her interview on The Pete Santilli Show, Karen Hudes, Attorney and World Bank Whistleblower visited the World Bank in Washington DC and was handcuffed, detained, and finally cited and scheduled to appear before Eric Holder’s US Attorney’s Office in Washington D.C. on 5/30/13 for UNLAWFUL ENTRY.

Ms. Hudes has been subjected to horrifying attacks by her former master including invasion of her medical privacy, unlawful termination and barring orders. Despite these attacks, she remains vigilant in her efforts to correct the global monetary systems which she asserts is on the verge of collapse within days.

What initially appear to be obscure issues of international finance, moreover, have the potential to sever ties between us and our NATO allies and weaken the national security of the United States. The stakes involved are therefore extremely high for every American citizen.

During the World Bank and IMF Annual Meetings last October, with her encouragement, the Development Committee informed President Jim Yong Kim of the need for “a more open, transparent and accountable World Bank Group.” The reasons that motivated that request included the following series of disturbing developments:
The World Bank has disregarded the Joint Economic Committee’s 2005 inquiry into the World Bank’s “corporate governance irregularities” and “accounting problems”;
The World Bank has failed to follow the Joint Economic Committee’s advice that professional financial and accounting employees be given independent access to the World Bank’s Board and its Audit Committee;
The World Bank has failed to protect Hudes against retaliation for challenges of illegality or other misconduct through external arbitration pursuant to the 2005 Lugar-Leahy amendment, which could threaten its mission;
The World Bank has stonewalled Senator Lugar’s and Congressman Van Hollen’s four requests for the advice of the executive search firm following Hudes’ disclosure of internal control lapses;
The World Bank has refused to comply with the Government Accountability Office inquiry into corruption requested by Senators Lugar, Leahy and Bayh for more than three years;
Congress has reiterated its request for the GAO inquiry during hearings on the World Bank capital increase, with which it has yet to comply;

and,
Treasury Secretary Timothy Geithner misrepresented progress on World Bank reform in his 11/21/12 report to the Appropriations Committees pursuant to § 7082 of the Consolidated Appropriations Act of 2012.

Karen Hudes, former senior counsel to the World Bank turned whistleblower recently delivered a stunning and revealing interview on Bull Market Thinking regarding the western corporate power structures now crumbling before our very eyes.

Her testimony confirms what this writer has maintained on numerous occasions & further corroborated by brilliant economic minds like Jim Sinclair, Marc Faber & Gerald Celente; namely that we are long overdue for a complete reset of our debt-slave monetary system. This phenomenon which will light the economic world on fire is discussed in more detail during my short article entitled “How Counterparty Risk Extends to All Asset Classes in End Times, Including “Money” Itself.”

The suggestion made by Karen Hudes is not a new one, but instead offers validation that we will, by default, return to the only de facto money in existence – our means of production and precious metals as a form of exchange.

In this scenario all paper currencies in existence must re-balance according to that which exists in real 3 dimensional space. This would mean a totally new valuation for everything relative to specific weights of precious metals. What we will discover as time progresses is that the pricing mechanism of our current “market” is not in fact determined by natural supply/demand forces but instead an artificial algorithmic intelligence set on auto pilot as a means to enslave humanity.

As this malevolent “invisible hand” becomes paralyzed by its own inability to accurately manage the collective value perceptions of humanity, the pricing system we have currently will be whisked away by the unstoppable power of true market forces & the human race will then be invited to revalue all assets in lieu of this planetary Schumpeter’s gale, effectively seizing back our collective human right to finance. The tacit admission of this basic economic fact from a former senior counsel to the World Bank is one of the best indications we have in 2013 that this will in fact happen, perhaps much sooner than later.

Interview with Karen Hudes, Former Senior Counsel to the World Bank—now turned whistle-blower! During the interview Karen indicated that the world is rapidly changing, with western power structures breaking down, economic & political influence gravitating to BRICs nations, all amid a pending currency transition which will highly favor precious metals.

The Board of Governors of the World Bank, consisting of 188 member countries, ended the Gentlemen’s Agreement for the US to appoint the President of the World Bank in April 2010. Karen Hudes warned US Congress and the US Treasury Department in 2007 that this would happen if the US President of the World Bank continued to break the rules: Details

Karen Hudes,who earned her J.D. at Yale, and an M.Phil. in economics at the University of Amsterdam, has been removed from her position as Senior Counsel for the World Bank because of her efforts to expose corruption and reaffirm the rule of law in the form of appropriate standards of accounting,

Free Energy

The time will inevitably come when mechanistic and atomic thinking will be put out of the minds of all people of wisdom, and instead dynamics and chemistry will come to be seen in all phenomena. When that happens, the divinity of living Nature will unfold before our eyes all the more clearly.
Johann von Goethe, 1812

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